UGI Co. (NYSE:UGI) Insider Michael Sharp Purchases 4,806 Shares

UGI Co. (NYSE:UGI) insider Michael Sharp acquired 4,806 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the purchase, the insider now owns 4,806 shares of the company’s stock, valued at $160,039.80. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

UGI Trading Down 0.6 %

NYSE UGI traded down $0.20 during trading hours on Monday, hitting $33.96. 1,681,394 shares of the company’s stock were exchanged, compared to its average volume of 2,041,062. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 2.26 and a beta of 1.21. The stock has a 50-day simple moving average of $30.48 and a 200 day simple moving average of $27.14. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.44. UGI Co. has a 1-year low of $22.01 and a 1-year high of $34.49.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping the consensus estimate of $1.21 by $0.16. UGI had a net margin of 7.73% and a return on equity of 15.19%. On average, equities analysts forecast that UGI Co. will post 3.02 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.42%. UGI’s dividend payout ratio is currently 59.06%.

Hedge Funds Weigh In On UGI

A number of institutional investors and hedge funds have recently made changes to their positions in UGI. Citigroup Inc. boosted its holdings in UGI by 33.0% in the third quarter. Citigroup Inc. now owns 203,313 shares of the utilities provider’s stock worth $5,087,000 after acquiring an additional 50,485 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of UGI by 2,402.0% during the third quarter. International Assets Investment Management LLC now owns 26,046 shares of the utilities provider’s stock worth $652,000 after purchasing an additional 25,005 shares during the period. FMR LLC lifted its holdings in shares of UGI by 42.0% in the 3rd quarter. FMR LLC now owns 9,418,865 shares of the utilities provider’s stock worth $235,660,000 after purchasing an additional 2,786,878 shares in the last quarter. JPMorgan Chase & Co. grew its position in UGI by 35.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,227,732 shares of the utilities provider’s stock valued at $30,718,000 after purchasing an additional 318,655 shares during the period. Finally, Commerce Bank bought a new stake in UGI during the 3rd quarter valued at $645,000. Institutional investors own 82.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on UGI. Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $27.00 to $30.00 in a report on Friday, November 15th. Jefferies Financial Group initiated coverage on shares of UGI in a research note on Friday, November 22nd. They set a “buy” rating and a $28.00 target price for the company.

About UGI

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.